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Puma to Cut 900 Jobs Amid Declining Sales

The sportswear company plans to reduce its workforce by the end of next year in response to weakening sales performance.

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Terms & Concepts
  • Corporate Layoffs: A reduction of a company's workforce, typically to cut costs or address declining business performance.
  • Sales Decline: A decrease in the amount of products or services sold over a specific period, often impacting profitability.